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Property profile & analytics
OFF-MARKET
Estimated value
$3,655,000
Manufacturing properties
1202 Park Ave Montrose, CO 81401-3171
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-2007608
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1984
Construction
STEEL FRAME
Total area
24,724 SF
APN
3767-214-13-003
UPID
US13-2007608
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.66M
Owner & transaction history
Mmf 1202 N Park Ave Montrose LLC · 4 yrs held
Mmf 1202 N Park Ave Montrose LLC
since 2022
Last sale
$3.3M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.5M
+234.4%
Medical building
$3.6M
+120.0%
Restaurant
$3.5M
+113.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Montrose submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montrose submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,780,000
ML approach
$4,215,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,470,000
Change: +234% · Conversion: Difficult
MEDICAL BUILDING
$3,600,000
Change: +120% · Conversion: Difficult
RESTAURANT
$3,495,000
Change: +114% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,010,000
Change: +84% · Conversion: Difficult
RETAIL STORES
$2,510,000
Change: +54% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,450,000
Change: +50% · Conversion: Easy
Blend value · Realmo final
$3.66M
Range $3.29M – $4.02M · ±10% · vs last sale $3.32M (Mar 3 2022)
Last sale anchor
$3.32M
Mar 3 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$148 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$43,776
Tax year 2023
Assessed value
$660,400
Assessed 2023
Previous assessed
$660,400
+0.0% YoY
Effective rate
6.63%
On assessed value
Assessed land
$92,760
Assessed improvement
$567,640
Land market value
$319,870
Improvement market value
$1,957,370
Total market value
$2,277,240
Applied tax rate
1,140.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
SPACE
Cooling
EVAPORATIVE
Buildings
3
Stories
1
Units
1
Total area
24,724 SF
APN
3767-214-13-003
UPID
US13-2007608
Jurisdiction
MONTROSE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$5.5M
MEDICAL BUILDING
Est. value
$3.6M
RESTAURANT
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.0M
RETAIL STORES
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.5M
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
3
Units
1
Current owner
From public records · entity-resolved
Mmf 1202 N Park Ave Montrose LLC
Entity
Mailing address
1340 7TH ST, WASCO, CA 93280-1734
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2022
$3,315,000
Mmf 1202 N Park Ave Montrose LLC
Savoy Enterprises LLC
Special Warranty Deed
—
Apr 29, 2020
—
Best Sign Systems INC
—
Deed
related
$1,250,000 · Zb NA
Jun 3, 2016
—
Savoy Enterprises LLC
—
Deed
related
$1,399,031 · Us Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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